The bitcoin market began to soar to new heights. Many cryptos, in fact, reached new all-time highs during the 2021 bull run. Some crypto, on the other hand, was in a downturn. As a result, many traders and investors are unsure if it is time to hold or sell for a fair price in Crypto. The former could be true in the instance of NPXS.
Nonetheless, the crypto market has recently been consolidating, and most cryptos have lost their past gains. Is the NPXS pricing in the same situation? In this NPXS price analysis 2021 post, we’ll find out soon enough. You should also check out the nano to shib exchange.
What Is Pundi X (NPXS) and The Essence Of It?
Pundi X is a significant developer of blockchain-based devices to revolutionise retail businesses through its blockchain-based point of sale system. Furthermore, the solution’s blockchain enables retail merchants and consumers to execute immediate in-store transactions.
The NPXS token’s creators believe it will be used on their Ethereum-based Point-of-Sale (POS) machines in the future. This strategy can also provide essential financial services to developing countries such as Latin America and Indonesia.
The Current Market Status
Pundi X is currently one of the crypto market’s most aggressive virtual assets. In fact, during the last year, Crypto has grown at a staggering rate of +1561 percent. Pundi X has become the most popular digital asset in the crypto market as a result of this. In terms of market capitalization, the cryptocurrency is one of CoinGecko’s most prominent cryptocurrencies. As a result, the 24-hour trading volume of Pundi X is $6,015. Indeed, Crypto’s current market standing attracts worldwide investors from all over the world.
NPXS is currently ranked 145th on CoinGecko. Will the current developments and improvements in the blockchain, on the other hand, help the cryptocurrency price rise? In this NPXS price forecast article, we’ll look at the charts. The Descending Triangle pattern can be seen on a daily time frame. Since NPXS has been bearish for the past three months, this is an important indicator. As a result, the falling triangle pattern suggests that NPXS is about to turn bearish. We may say that NPXS has a more significant possibility of going bearish than bullish in the near future. NPXS has been drifting sideways since the beginning of the month.
Price Prediction 2021
The pattern suggests that the market has been consolidating for the past two months, which could prompt a price breakout or breakdown. A break under the lower trendline signals the beginning of a new bearish trend. A break above the higher trendline signals the beginning of a new bullish trend.
NPXS coin price must break past the Fib retracement level at $0.0079 in the short-to-medium term scenario. It must first build further support at the Fib level of $0.0062 in order to do so. If this does not happen, bears may acquire the upper hand and drag NPXS into their domain.